Bitcoin Consolidates In Tight Range – Breakout Or Breakdown Next?

Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action. Related Reading: Bitcoin Consolidates In Tight Range – Breakout Or Breakdown Next? Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed? In […]

Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s bitcoin price analysis, we outlined what was a pretty tight range for use during the European session, and said that we would incorporate our breakout strategy only for as long as action remained as-was. That is, relatively tight highs and lows, without too much in the way of volatility. Action has now matured throughout the day, and there hasn’t really been too much to speak of. We did get a little bit of a break earlier on today, and we managed to get in for a quick profit to the upside, but....

Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning out of Europe, and time to take our first look of the day at the bitcoin price. We noted yesterday that tight, scalp breakout trades had been working pretty well for us over the last few days, and that a continuation of this strategy might be our best bet going forward. As such, for last night’s session, we defined a pretty tight range and went at action with some solid risk definitions. Action has now matured overnight, and we’ve got to alter our approach slightly in ahead of today’s open.....

Here's a look at what we are focusing on in the bitcoin price this morning. It is Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action overnight was pretty weak, as it has been for the majority of the last few days, and we didn’t really get any opportunity to get in and out the markets as we would have liked. This doesn’t mean that we aren’t going to see any action today, but it may weaken our key levels purely because we haven’t had any recent breakouts. As has been pretty standard so far this week, we are going to stick with a really tight range,....

Ethereum is trading at a critical juncture as broader market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market cap is attempting to solidify a bottom. Currently, ETH remains stuck in a tight range between $1,750 and $1,850—a zone that could soon determine its next major move. Bulls are in control of the short-term price action, but a breakout above resistance is essential to confirm a true trend reversal. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Daan shared a....